Credit platform MarketFinance has secured debt financing from Deutsche Bank to partly fund £100m of loans to SMBs in the UK. 

The fintech will also expand its lending capacity to include under-served SMEs such as sole traders and partnerships. 

MarketFinance, which became profitable in 2021, operates a proprietary fintech platform to offer business loans and working capital to UK SMEs. 

MarketFinance VP capital markets Marion Delille said that the debt from Deutsche Bank will allow it to make finance ‘frictionless’ for small businesses in the UK. 

The firm allows clients to access up to £500,000 within 24 hours to meet their investment and working capital needs.

MarketFinance CEO and co-founder Anil Stocker said: “The fintech movement started in the shadow of the 2008 financial crash, and has since become a vital part of the finance ecosystem in the UK and exported globally. Companies like MarketFinance were there to help during the Covid pandemic. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We are continuing to innovate by serving sole traders and partnerships for the first time and by embracing the move to embedded finance. 

“We are making our products available via key platforms, helping businesses manage their payments and gain seamless access to finance when they need it most. Businesses need funding in the good times and the bad, and we are right here standing by them.”

According to the Federation of Small Businesses (FSB)’s quarterly Small Business Index (SBI), lending to UK businesses has fallen to all-time low with just one in ten small business owners applying for credit in the first quarter of 2022.